Michigan's SBT

[ndavies]

"... Chronic low profitability can result from...Disguising profits as wages or bonuses...

Third, firms which have in the past disguised their profits to avoid taxation are truly not low profit. The SBT will make it difficult to avoid taxation by hiding a firm's profits..."

So you're punishing every business in Michigan and discouraging new investment in the state because of the accounting practices of a handfull of multi-state/multi-national corporations.

Personally I would rather have a facillity that didn't make any income and didn't pay any income taxes than no facillity at all. That facillity would pay property taxes and hire hundreds of workers. Those workers would be paying income taxes.

Your choice is to either accept the taxes the company is willing to pay or lose that factory to another state or even another nation.

[ghettopalmetto]

So you're punishing every business in Michigan and discouraging new investment in the state because of the accounting practices of a handfull of multi-state/multi-national corporations.

Where did we ever get this idea that taxes are "punishment"?

Starvation is punishing. Homelessness is punishing. Bankruptcy is punishing. Long-term illness is punishing. If you're paying taxes, you ain't doing so bad.

TAXES, on the other hand, are a cost of doing business. You want to prosper, you have to invest. If taxes are the only thing preventing you from making a profit, you might want to re-examine your piece-of-shit business model.

[1KielsonDrive]

Where did we ever get this idea that taxes are "punishment"?

Starvation is punishing. Homelessness is punishing. Bankruptcy is punishing. Long-term illness is punishing. If you're paying taxes, you ain't doing so bad.

TAXES, on the other hand, are a cost of doing business. You want to prosper, you have to invest. If taxes are the only thing preventing you from making a profit, you might want to re-examine your piece-of-shit business model.

Yes. Absolutely correct. But the big bucks SPIN has been put on it. Anything we [[meaning they) don't like is punishment: taxes, gun control, abortions, code enforcement, etc.